Erdene Resource Development Corporation · TSX:ERD

Erdene Resource Development — PDAC 2016

24 slides from Erdene Resource Development's conference presentation, March 2016

1. Slide 1: Erdene Resource Development Corp.

   Erdene Resource Development Corp. Developing a New Gold District in Southwest Mongolia

2. Slide 2: Forward Looking Statements

   Forward Looking Statements Certain information regarding Erdene ("the Company") contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward- looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guida

3. Slide 3: Highlights

   Highlights Discovering and Developing a New Gold District in the Tian Shan Belt High-Grade Gold Discovery in 2015 at Bayan Khundii Project (100% Owned) Advancing the Altan Nar Gold-Polymetallic Project (100% Owned) Regional Copper-Gold Exploration Through Alliance with Teck Resources Experienced Man

4. Slide 4: Giant Porphyry-Epithermal Gold Terranes and Deposits

   Giant Porphyry-Epithermal Gold Terranes and Deposits Prolific Tian Shan Gold Belt Includes some of the largest economic gold accumulations in the world Second only to Witwatersrand in South Africa for known gold resources 4

5. Slide 5: Tian Shan Gold Belt

   Tian Shan Gold Belt 2014-15 Gold Production from TSX listed Companies > 2 Moz Polymetal buys Bayan Airag: First Centerra Gold advances Kinross’s Kupol, 37% Bakyrchik Gold gold production in 1.6 Moz Gatsuurt gold increase in production to Projects: US$618M Q2-2014 deposit ~750,000 oz Au Erdene Eldora

6. Slide 6: Southern Mongolia

   Southern Mongolia Mining Activity & Regional Infrastructure Build-Up Major Infrastructure Development With Access to Equipment & Manufacturing 6

7. Slide 7: Erdene Projects - Emerging Gold District

   Erdene Projects - Emerging Gold District Paleozoic Arcs - Deep Seated Regional Structures 7

8. Slide 8: Bayan Khundii Gold Discovery

   Bayan Khundii Gold Discovery Multiple Gold Targets over 4 km Trend § High-grade gold discovered at Altan Arrow surface in Q2-2015 § Gold mineralization traced in three separate areas over 1.7 km trend § Initial gold discovery 3.5 km north (Altan Arrow) with high- Bayan Khundii grade gold in rock

9. Slide 9: Bayan Khundii Gold Discovery Southwest

   Bayan Khundii Gold Discovery Southwest Intense Mineralization Over 475 m x 300 m Area 9

10. Slide 10: Bayan Khundii Gold Discovery: Cross-Section 1

    Bayan Khundii Gold Discovery Cross-Section 1: High-Grade Gold Over 400 Metres BKD-­‐09; 1m samples from 33 to 59m (g/t) 0.21 79.40 18.50 0.03 0.11 0.08 0.28 0.08 0.06 0.24 0.18 0.77 38.90 0.30 5.21 4.56 0.25 1.04 0.60 1.37 0.67 1.09 0.19 0.22 0.43 0.33 10

11. Slide 11: Bayan Khundii Gold Discovery: Continuity within Striker Zone

    Bayan Khundii Gold Discovery Continuity within Striker Zone (60 Metre Step-Out Hole) BKD-­‐10; 1m (g/t Au) 0.11 0.15 0.18 0.11 0.17 0.10 0.09 0.08 0.17 0.11 0.14 2.98 0.69 3.01 1.25 0.05 0.12 4.22 2.65 2.27 3.37 167.00 6.27 0.30 0.10 0.07 0.31 0.12 1.14 0.15 0.28 0.67 0.05 0.14 11

12. Slide 12: Bayan Khundii Gold Discovery: Excellent Initial Metallurgy

    Bayan Khundii Gold Discovery Excellent Initial Metallurgy § Gold is free milling and amenable to conventional processing techniques § Gravity concentration and cyanidation of the gravity tails yielded: - 99% recovery from high- grade composite (24.9 g/t Au) and - 92% from low-grade composite (0.7

13. Slide 13: Bayan Khundii Gold Discovery: Growth Potential

    Bayan Khundii Gold Discovery Growth Potential § Geophysics indicates the mineralization Altan Arrow is located at the apex of broad, positive Bayan Khundii - Northeast chargeability and resistivity anomalies ohm -­‐m § Geophysical targets under cover to the E and N, and two zones identified along

14. Slide 14: Bayan Khundii Gold Discovery

    Bayan Khundii Gold Discovery § 100% Ownership § High Grade § Large Scale - 1.7 km Trend § Excellent Metallurgy § Near Surface § Open at Depth § Regional Scale Targets 14

15. Slide 15: Erdene Projects - Emerging Gold District

    Erdene Projects - Emerging Gold District 15

16. Slide 16: Altan Nar Gold Project - Highlights

    Altan Nar Gold Project - Highlights Ownership - 100% Erdene Multiple Targets - 18 targets over 5.6 km trend Shallow - Average drilling depth of 105 metres Resource - Only 2 of 18 targets included High-Grade - 2015 drilling: 19 m of 7.8 g/t AuEq Metallurgy - 88% gold recovery (Discovery Zone North) E

17. Slide 17: Altan Nar Gold Project - Discovery Zone

    Altan Nar Gold Project - Discovery Zone Intensely Mineralized, Near Surface, Open to North & at Depth Continuous, high-grade mineralization from surface and open at depth N Cross-section 100 m 17

18. Slide 18: Altan Nar Gold Project: 1Q-2015 Initial Resource Estimate

    Altan Nar Gold Project 1Q-2015 Initial Resource Estimate Extent of Initial § Near-surface NI 43-101 Resource Estimate on 1Q15 Resource first 2 of 18 priority targets Union North § 90% of mineral resource is <150m of surface; (UN) all zones open along strike and at depth § Multiple undrilled and s

19. Slide 19: Mongolia Highlights

    Mongolia Highlights § Q4 2015 - $4.4 bln financing for Rio’s Oyu Tolgoi mine § Q4 2015 - National Bank of Canada buys 10.5% stake in one of Mongolia’s top banks § Q1 2016 - Canadian Government-funded mining focussed development projects approved § Q1 2016 - Centerra Gold’s Gatsuurt secures parli

20. Slide 20: Alliance with Teck Resources (2013-16)

    Alliance with Teck Resources (2013-16) Metal Exploration in Prospective Belt § Objective to discover large, near surface metal deposits on behalf of alliance § Ultimately a 75:25 partnership § Area of Focus: Tian Shan Copper-Gold Belt (117,000 km2 area) § Extensive exploration by Erdene since 20

21. Slide 21: Moving Forward – 2016

    Moving Forward – 2016 Key Objective – Define Bayan Khundii Resource Potential Bayan Khundii Gold Discovery Ø Expanded Surface Exploration Program Ø Second Phase of Drilling Ø Mining License Application Studies Ø Additional Technical Studies Altan Nar Gold-Polymetallic Project Ø Studies to Suppo

22. Slide 22: Why Invest in ERD?

    Why Invest in ERD? Early-In Opportunity Development Stage of a Successful Mining Company ‒ Developing a new gold district through greenfield discovery ‒ Early in exploration to development value curve Value / ~Market Cap ‒ Low point in commodity cycle = low valuations Ownership ‒ 100% interest in Pr

23. Slide 23: Corporate Snapshot

    Corporate Snapshot Capital Structure Management Trading Info TSX: ERD Peter Akerley, President & CEO, Director Share Price $0.17 Ken MacDonald, VP Bus. Development, CFO 52 Wk Range $0.10-0.17 Shares Outstanding 105 M Mike MacDonald, Director of Exploration Shares Fully Diluted 124 M Mike Gillis, Dir

24. Slide 24: Erdene Resource Development Corp.

    Erdene Resource Development Corp. Q1 - 2016 Developing a New Gold District in TSX: ERD Southwest Mongolia Peter C. Akerley President & CEO, Director Tel 902-423-6419 Email info@erdene.com Website www.erdene.com Twitter @ErdeneRes

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